Discuss to What Extent Acquisitions Can Be a Substitute for Alliances

question 31

Essay

Discuss to what extent acquisitions can be a substitute for alliances and identify four conditions under which alliances will be preferred to acquisitions.

---

Definitions:

Negotiable Interest

An interest in a financial asset, like a note or draft, that can be transferred from one party to another in a manner that the transferee gains legal ownership and the right to enforce the instrument.

Primarily Liable

Having the main or first responsibility for fulfilling an obligation or debt.

Imposter

A person who deceives others by pretending to be someone else for personal or financial gain.

Obligor

A person or entity legally bound to provide a payment, service, or other benefit to another (the obligee) under the terms of a contract or legal agreement.